{"id":479689,"date":"2024-02-11T12:19:11","date_gmt":"2024-02-11T12:19:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=479689"},"modified":"2024-02-11T13:44:33","modified_gmt":"2024-02-11T13:44:33","slug":"bitcoin-price-prediction-as-grayscale-says-the-halving-will-be-different-this-time-amid-bitcoin-etf-demand-this-btc-cloud-mining-ico-surges-towards-11-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-grayscale-says-the-halving-will-be-different-this-time-amid-bitcoin-etf-demand-this-btc-cloud-mining-ico-surges-towards-11-million","title":{"rendered":"Bitcoin Price Prediction: As Grayscale Says The Halving Will Be Different This Time Amid Bitcoin ETF Demand, This BTC Cloud Mining ICO Surges Towards $11 Million"},"content":{"rendered":"

The Bitcoin price climbed 1.1% in the last 24 hours <\/span>to trade at $47,712<\/span><\/a> as of 8:15 p.m. EST on trading volume that plunged 71% to $11 billion.<\/span><\/p>\n

The rise coincides with a Grayscale repor<\/a>t that says the Bitcoin halving in April will be different this time due to ongoing on-chain activity and positive updates to the market structure.<\/span><\/p>\n

One of the key factors is the arrival in the US of Bitcoin ETFs, which Grayscale says “could significantly absorb sell pressure, potentially reshaping Bitcoin’s market structure by providing a new, steady demand source, which is positive to price.”<\/span><\/p>\n

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NEW REPORT: fundamental onchain activity and positive market structure updates could make the spring 2024 $BTC<\/a> halving fundamentally different from the ones that came before. pic.twitter.com\/SIjBg11cpV<\/a><\/p>\n

— Grayscale (@Grayscale) February 9, 2024<\/a><\/p><\/blockquote>\n